B&CE furloughs 140 staff and changes charging structure
B&CE, the provider of The People’s Pension, has furloughed just under a quarter of its members of staff in response to pressures from the Covid-19 crisis.
The master trust provider said around 140 staff have been asked not to work, but they will kept on payroll in order to take advantage of the government's Coronavirus Job Retention Scheme. This will see...
More on Defined Contribution
Trustees draw a blank on joining a CDC pension scheme
Almost half of trustees and pension scheme administrators surveyed by PP say they would not join a collective defined contribution (CDC) pension scheme.
Spring Budget 2021: Government to consult again on DC investments and charge cap barriers
The government will press ahead with plans to use the “largely untapped pool of capital” in defined contribution (DC) schemes to invest in venture capital and growth equity assets.
Industry Voice: Three lessons learned in 2020
Newton’s Catherine Doyle considers key lessons for DC investors from the pandemic
Time to 'go back to the drawing board' as three-quarters want decumulation guidance
Three-quarters of pension scheme members want guidance before drawing down on their pension pot, according to a survey from The People’s Pension.
LCP calls for 'fundamental rethink' on DC chair's statements
Defined contribution (DC) chair’s statements need a major re-think as part of the Department for Work and Pensions’ five-yearly statutory review on the rules around scheme governance in 2021, LCP says.
